Let me first start out by saying I'm totally new to the stock market. I was told by a co-worker that a certain stock might be a good buy. I looked into it, as the year before it was at $30 a share then at the time it was at $1.30. I decided to buy 400 shares for around $500 I believe. The stock since then has rocketed to $20 a share to my surprise.

While looking into the stock I found out it has high debt. My question is how can a stock that supposedly has over 1 billion in debt (so I've read) still have it's price per share go up? Also from what I've read everyone agrees it's a horrible stock but yet over the last 6 months its went from $1 to $20. What so bad about it?